Earn an additional 15% APR paid in MNT Tokens for early LPs on the Mantle Market
To celebrate the launch on the Mantle Mainnet, the Mantle Team has granted 250,000 MNT tokens to Clearpool, which will be used as rewards for early LP providers on the Clearpool Mantle Market.
The first campaign will start immediately and run for 30 days where all lenders to liquidity pools on the Clearpool Mantle Market will receive additional LP rewards paid in MNT. The MNT rewards will be distributed in addition to the interest paid by borrowers. At the end of the 30 days, Clearpool will airdrop the MNT rewards to the users lending to any borrower pools on Mantle, to the address used for providing liquidity. Every day a snapshot will be taken, and MNT rewards will be calculated on the proportion of liquidity provided by the LP at that specific time. The first snapshot will be taken on 7th February 2024 and the final one will be taken on 7th March 2024.
Over the first 30 day campaign, the maximum daily distribution will be set to 667 MNT tokens, leading to a total distribution of 20,000 MNT tokens over the 30 day period. The APR of MNT tokens will be capped at 15% to ensure a sustained distribution of the grant provided by the Mantle Foundation.
Snapshots will be taken every day at randomized times
Only LPs that were providing liquidity at the time of the snapshot will accrue MNT rewards for that particular day
MNT rewards will be calculated based on the proportion of liquidity that was provided by the LP at the time of each daily snapshot
MNT rewards will be distributed at the end of the 30 day campaign to the address liquidity is provided from
In case of a dispute regarding MNT distribution, Clearpool reserves the right to a final decision